Offer at a glance

• Eligible Chip customers can receive a reward between £50 and £10,000 when they successfully transfer into their Chip Personal Pension (SIPP).
• The amount awarded depends on the value of the pensions successfully transferred to Chip and held for at least a year. 

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Eligibility criteria (who you need to be)

How to qualify:

• This offer is open to all Chip customers under the age of 50 (you can't currently transfer a pension into Chip if you are 50+).

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How to qualify (what you need to do)

• Open a Chip Personal Pension (if you don’t already have one open), and;
• Submit a valid request* to transfer a pension(s) into your Chip Personal Pension totaling at least £5,000 before  31 January 2027, and;
• These transfers successfully complete, and you do not cancel these transfers, and; 
• You do not make any transfers-out of your Chip Personal Pension before 01 February 2028
• Have a non-ISA Chip savings account open on 1 February 2028 to receive your reward (e.g. Chip Instant Access Account).

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^*You need to correctly provide all the details we need from you to be able to transfer your pension. You won’t be eligible for a reward if the transfer request fails due to you providing incorrect or inaccurate information also if the current provider declines transfer for any reason.

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How and when you’ll be rewarded

• We will calculate the reward amount you are entitled to based on the settled final value of all of your successful pension transfers initiated between XX October 2026 and  31 January 2027.
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• Rewards are paid on the basis below:

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• Note, there is no reward paid if the settled final value of your pension transfers is under £5,000. 

• Once calculated, your reward payment will be shown as “pending” until 02 February 2028 when it will be paid to your Chip Instant Access Savings Account (or another non-ISA Chip savings account). 
  
• This reward is paid by Chip from its own funds. It is not taken from your pension or your investments, and it does not change the fees on your Chip Personal Pension 

• Your pending reward will be cancelled if you cancel your transfer, or make any transfers out of your Chip Personal Pension before 01 February 2028.
  
  • If you need to transfer out due to a life event, please contact the team to discuss individual circumstances.

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General terms

• This promotion is available via the Chip IOS or Android app only. 
  
• Any Chip promotion is also subject to the eligibility requirements of a Chip pension, which can be found in Section 4 of our Chip Group Terms of Business. Also see our Privacy Notice for information on how we use your data.

• Chip reserves the right to withdraw this promotion and close it to new customers at any time. Note - whilst we may stop advertising the promotion, customers who have already qualified for the promotion will receive the reward.  

• If a transfer does not complete for any reason, including your existing pension provider declining to transfer it, that transfer will not count towards your reward. Some providers may decline a transfer because a reward is being offered. Any other transfers that complete will still count. 

• If Chip has grounds to suspect any user, or associated third party of abusing the promotion in any capacity, Chip reserves the right (in its sole discretion) to disqualify any person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to award any prize/bonus/reward.

• Chip reserves the right to amend these Terms and Conditions or cancel any promotion in the unlikely event where it becomes necessary to do so, for example if required by law or due to reasons beyond Chip’s reasonable control. Notwithstanding this, where reasonably practicable for us to do so, we will give you notice in advance of any such amendments or cancellations. If we make any such amendments or cancellations without notice, we will inform you after the fact as soon as practicable.